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posted Apr 14, 2025 11:02:13 PM

I’m doing my Illinois taxes in TurboTax and how can I fix 4a on Schedule ICR

When I finish it was one of the forms that I had to fix was the Schedule ICR

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1 Replies
Level 15
Apr 14, 2025 11:39:59 PM

what seems to be the issue? there are multiple things that can cause issues. if your AGI is over $500K MFJ $250K all other filing status, the credit is not allowed. see these two threads

https://accountinginsights.org/why-am-i-not-receiving-the-illinois-property-tax-credit/#:~:text=The%20credit%20equals%205%25%20of%20the%20property%20taxes,certain%20nonprofits%20or%20government%20entities%2C%20do%20not%20qualify. 

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https://tax.illinois.gov/content/dam/soi/en/web/tax/research/publications/pubs/documents/pub-108.pdf